Business - HenrisCounty

Largest garment factory in Africa to be established in Ogun State

Dapo Abiodun, Executive Governor of Ogun State, has "proudly" announced his government has entered a partnership with India-based multinational, Arise Integrated Industrial Platform (IIP), for the establishment of Africa's largest…

HenrisCounty July 26, 2025Africa, Factory, Governor, OgunNo Comments

Business

‘4 African billionaires own more wealth than 50% of Africa’s population’ – Moghalu

President & Vice-Chancellor of African School of Governance (ASG), Kingsley Moghalu, said, governments of African countries are not "deep thinkers", as well as, not making the right moves on the…

HenrisCounty July 25, 2025Billionaire, Dangote, environment, government, SchoolNo Comments

Business

‘After rebasing, Nigeria’s debt-to-GDP ratio dropped from 52% to approximately 39.4%’ – Presidency

After rebasing, the ratio of Nigeria’s debt-to-GDP fell from 52% to approximately 39.4%, according to the Presidency. The Presidency through Sunday Dare, Special Adviser to President Tinubu on Media and…

HenrisCounty July 24, 2025ADC, administration, GDP, government, TinubuNo Comments

Business

President Tinubu’s ‘bold’ policies implemented in the best interest of Nigerians – Shettima

Kashim Shettima, Vice President, said, the "bold" policies by President Bola Ahmed Tinubu are taken in the best interest of Nigerians. The VP said, the Tinubu government has established an…

HenrisCounty July 24, 2025Abuja, business, Shettima, Tinubu, Vice PresidentNo Comments

Business

‘This government not trying to fix the economy’ – ADC blast Tinubu administration for celebrating rebased GDP

The African Democratic Congress (ADC) through its Interim Spox, Bolaji Abdullahi, has said, "the truth is that this government is not trying to fix the economy.' The Party added, "It…

HenrisCounty July 23, 2025ADC, administration, CBN, GDPNo Comments

Business

‘NNPC Ltd dismantling bottlenecks to self-sufficient refining sector in Africa’ – Ojulari

Engr. Bashir Bayo Ojulari, Group Chief Executive Officer of Nigerian National Petroleum Corporation (NNPC) Ltd., has made known the company's commitment to pulling down structural bottlenecks towards erecting a strong…

HenrisCounty July 23, 2025Dangote, NNPC, Ojulari, Petroleum, RefineryNo Comments

Business

‘Inflation under greater control, Nigerians regaining confidence in Naira’ – Cardoso

Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has expressed certainty that, inflation in Nigeria is coming "under greater control", adding, Nigerians are now regaining confidence in the…

HenrisCounty July 23, 2025Cardoso, CBN, Economy, Naira, Nigeria, PolicyNo Comments

Business

President Tinubu sets first quarter 2026 target for take-off of national single window project to reach ‘$1tn economy target’

The National Single Window (NSW) Steering Committee has been directed by President Bola Ahmed Tinubu to make sure the platform becomes fully functional by the first quarter of 2026. The…

HenrisCounty July 23, 2025Economy, Edun, Minister, Nigeria, NSW, TinubuNo Comments

Business

CBN MPC votes ‘unanimously’ to retain MPR at 27.50%, CRR at 50%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has voted "unanimously" to retain the Monetary Policy Rate (MPR) at 27.50%; retain the Cash Reserve Ratio (CRR)…

HenrisCounty July 22, 2025bank, Cardoso, CBN, Governor, Nigeria, PolicyNo Comments

Business

Nigeria and Egypt sign MoU focused on route expansion, investment in aviation infrastructure

Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, made known, Nigeria and Egypt have signed a Memorandum of Understanding (MoU) focused on "technical exchange, route expansion, and investment in…

HenrisCounty July 22, 2025Abuja, Aviation, Egypt, Keyamo, Minister, NigeriaNo Comments

Business

Nigeria to host Africa’s energy leaders and global partners in Abuja for Global Commodity Insights Conference

Nigeria will welcome Africa’s energy leaders and global partners to Abuja for the Global Commodity Insights Conference on West African Refined Fuel Markets The Conference will be jointly hosted by…

HenrisCounty July 22, 2025Abuja, Africa, energy, Leader, Nigeria, TinubuNo Comments

Business

UK government borrowing heightens to second-highest level on record

Government borrowing has significantly soared more than expected last month as debt interest payments increased. Official figures reveal the cost of public services and interest payments on government debt heightened…

HenrisCounty July 22, 2025Chancellor, government, Reeves, UKNo Comments

Business

Nigeria’s Economy: Lafarge record ‘70% increase in net sales in first half of 2025’

Lafarge Africa Plc, a Sub-Saharan Africa building materials company, has posted "another stellar performance in the first half of 2025". The company recorded a "70% increase in net sales to…

HenrisCounty July 22, 2025Africa, Economy, Nigeria, Onanuga, Special Adviser, TinubuNo Comments

Business

Nigeria records real GDP growth rate of 3.38% in 2024, 3.13% in Q1 of 2025 – NBS

In its recently published rebased Gross Domestic Product figures, the National Bureau of Statistics (NBS) revealed, a rebased GDP of N372.82 trillion in 2024, which is real growth rate of…

HenrisCounty July 21, 2025Bureau, GDP, NBS, Nigeria, StatisticsNo Comments

Business

Trump vows to make US ‘crypto capital of the world,’ signs GENIUS Act into law

Donald Trump, President of the United States (US), has signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act on Friday — a landmark piece of…

HenrisCounty July 19, 2025President, Trump, US, White House, WorldNo Comments

Business

FG, States, LGCs share ₦1.818 trillion from a gross total of ₦4.232 trillion from the month of June 2025

At its July 2025 meeting chaired by Wale Edun, Honourable Minister of Finance and Coordinating Minister of the Economy, the Federation Account Allocation Committee (FAAC) shared a total sum of…

HenrisCounty July 19, 2025Economy, FG, Minister, State, Wale EdunNo Comments

Business

‘Misleading and Malicious’ – AGF denies FG’s involvement in First Holdco share acquisition

The Office of the Attorney General of the Federation has responded to a publication that suggests, 25% shares of First Bank Holdings (First Holdco) were transferred to the Federal Government…

HenrisCounty July 19, 2025AGF, FG, justice, Minister, Office, SharesNo Comments

Business

Global trade reached $33 trillion in 2024: $25T in goods, $8T in services

Highlight: International Trade 2024 As of 2024, global trade in goods and services combined is estimated to have reached approximately US$ 33 trillion. Goods (merchandise) trade accounts for about US$…

HenrisCounty July 18, 2025Trade, UN, WorldNo Comments

Business

Jaguar Land Rover to cut up to 500 UK jobs

Jaguar Land Rover (JLR) is set to cut up to 500 management jobs in the United Kingdom (UK), as the carmaker faces pressure on sales and profits due to US…

HenrisCounty July 17, 2025tariff, Trade, Trump, UK, USNo Comments

Business

WEF releases update on global economy following US tariff plans

US policy remains a major source of uncertainty for the global economy. But as other countries respond, signs are emerging of a deeper transformation – and of a reconfiguration of…

HenrisCounty July 16, 2025Canada, Economy, tariff, US, World Economic ForumNo Comments